Legal & General Group Plc Buys 9,812 Shares of Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Legal & General Group Plc increased its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 25.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,065 shares of the company's stock after acquiring an additional 9,812 shares during the period. Legal & General Group Plc owned approximately 0.07% of Victory Capital worth $3,146,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. raised its stake in shares of Victory Capital by 35.2% during the fourth quarter. Principal Securities Inc. now owns 603 shares of the company's stock valued at $39,000 after purchasing an additional 157 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Victory Capital in the 4th quarter worth about $43,000. FMR LLC boosted its position in Victory Capital by 18.1% during the 3rd quarter. FMR LLC now owns 1,341 shares of the company's stock worth $74,000 after acquiring an additional 206 shares during the period. Convergence Investment Partners LLC purchased a new position in Victory Capital during the 4th quarter valued at about $193,000. Finally, FourThought Financial Partners LLC acquired a new stake in Victory Capital in the fourth quarter valued at approximately $211,000. 87.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VCTR. Barclays reduced their target price on Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. BMO Capital Markets boosted their price objective on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on shares of Victory Capital from $62.00 to $69.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. B. Riley reissued a "neutral" rating and issued a $60.00 target price (up from $57.00) on shares of Victory Capital in a report on Tuesday, January 7th. Finally, Bank of America cut their target price on shares of Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $69.67.

Victory Capital Trading Down 1.1 %

NASDAQ VCTR traded down $0.62 on Friday, reaching $57.77. The company had a trading volume of 155,391 shares, compared to its average volume of 364,450. Victory Capital Holdings, Inc. has a 52 week low of $43.82 and a 52 week high of $73.42. The stock's 50 day moving average is $58.64 and its 200-day moving average is $62.73. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.55 and a beta of 0.86.

Victory Capital (NASDAQ:VCTR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.07. Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. Equities analysts predict that Victory Capital Holdings, Inc. will post 6.16 earnings per share for the current year.

Victory Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. This is an increase from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a dividend yield of 3.25%. Victory Capital's dividend payout ratio is currently 43.02%.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.